Self-employed individuals can benefit from low rates and excellent mortgage options, as well as fast approval even after previous declines. These mortgage options take into consideration the reduced taxable income that comes from claiming expenses. For those with expenses that impact qualifying income, a Stated Income mortgage can be particularly useful. Dividend and investment income are also accepted, as long as stability and proof requirements are met. In order to apply for these mortgage options, applicants need to provide certain documents, including the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license. These options are available from top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers that accept reasonable income estimates. To learn more about tailored options for Business For Self (BFS) borrowers, give a call!